Transfer of share in a Flat

A relinquishment deed is the reliable and cheap way of transferring the father's share unto the son.

Never dream of a will. It will ruin the life of inheriters. It is meant for rich and men of means.

Pay stamp duty and get it transferred in your name. It will be a hefty sum. Don't try to economise when the property is valued at45 lacs.

Hi Vishal

Thanks

Would appreciate if you could  share a draft of the relinquishment deed  and also let me know the amount of stamp duty.

Hi Anil

Thanks

But could you pl let me know why you feel the property should not be transferred by way of gift from father to son.

And if the same is to be transferred by paying stamp duty then what document is to de executed and what amount of stamp duty is to be paid.

thanks

regards

Vishal

 should not be done

Dear All,

Would like to know how the share between theree co-owners of a Flat is to be arrived at if the same is not mentioned in the Sale Deed . The Flat is owned by Father and his 2 sons and 1 son has avialed loan which is more than 1/2 of the Consideration and the other son has not contributed any thing.

Can the son who has not contributed any consideration relinquish all his interest and what document to be executed by the co -owners to transfer some share to mother.

Is  Relinquishment Deed by one son and

Gift deed by father is sufficient to transfer share to mother.

Your views are solicited